In case you missed it, take a look at this Travel Market Report article from last week detailing a series of settlements travel insurance providers have entered into with state governments that means "the travel insurance industry is both putting behind it the uncertainty of potential litigation as well as the lingering ambiguity about which practices it can continue." This process is closely related to ASTA's multi-year lobbying campaign with the U.S. Travel Insurance Association whose goal is to save agencies thousands of dollars in annual licensing fees while also reducing the risk of penalties for violating state regulations. In fact, counting the 48 states in the system, we estimate average annual savings of over $10 million for the travel agency industry thanks to these reforms. For more background on this campaign, check out our 2016 member news item.
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